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Friday, February 10, 2012

Kalu, Alli Head Panel on Refineries

Without prejudice to the on-going rehabilitation and turn-around maintenance (TAM) of the Port Harcourt, Warri and Kaduna refineries, as well as the building of Greenfield refineries in the country, the Federal Government Wednesday set up a 22-man National Refineries Special Task Force to make recommendations that will lead to the overhaul of refining operations and output in the country.

The task force, which was set up in Abuja by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, will be chaired by former Minister of Finance, Dr. Kalu Idika Kalu while the former Managing Director of the old Unipetrol, Mallam Yusuf Alli will serve as its alternate chairman.

The task force has been mandated to produce a diagnostic report on the operations, finances and efficiency of Nigeria’s four main refineries situated in Port Harcourt, Warri and Kaduna.

According to a statement signed by the Permanent Secretary in the ministry, Sheikh Goni Musa, the taskforce is also expected to review all licenses issued for new refineries in Nigeria and at the same time assess their operational, technical, and financial readiness.

They will also design investment models with a road map to Nigeria’s self-sufficiency in local production of petroleum products. The timelines and milestones are expected to be ready for consideration within the next 60 working days.